2-bed · 904 sqftSafi Apartments 2A, Town Square · 2nd floor · completed 2018

221, Safi Apartments 2A

Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 221 · DLD and Ejari recordsUpdated 28 August 2024
Last soldAED 950K28 August 2024
Current rentAED 50K /yr15 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 221, Safi Apartments 2A

What is 221 worth today?

Last sold for AED 950,000 in 2024

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28 Aug 2024SoldReady
AED 950,000AED 1,050 per sqft
15 Aug 2023RentedRenewal
AED 49,618/yr8 months · AED 55 per sqft
15 Aug 2022RentedRenewal
AED 45,000/yr12 months · AED 50 per sqft
15 Aug 2021RentedRenewal
AED 45,000/yr12 months · AED 50 per sqft
15 Aug 2020RentedNew contract
AED 45,000/yr12 months · AED 50 per sqft
1 Aug 2019RentedNew contract
AED 52,000/yr12 months · AED 58 per sqft
13 Oct 2015Sold by developerOff-plan
AED 793,888AED 877 per sqft

Source: Dubai Land Department. Updated 28 August 2024.

Key facts

Type
2-bed apartment
Size
904 sqft
Floor
2nd of 7
Parking
G-87
Developer
Nshmi Development
Completed
2018
Service charge
AED 13,800 /yr
Last sold
AED 950K · August 2024

About 221, Safi Apartments 2A

221 is a two-bedroom apartment of 904 sqft on the 2nd floor of Safi Apartments 2A, a 7-storey tower in Town Square completed in 2018 by Nshmi Development. It last sold on 28 August 2024 for AED 950,000, or AED 1,050 per sqft, 15% above the AED 914 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 15 August 2023, is AED 49,618 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 13,800 a year.

Sales and rents for 221 over time

Sales
Unit 221, each saleTypical two-bed in Safi Apartments 2A
800K1M1.2M20152018202120242027Typical sale price by year: 2015 AED 806,388; 2016 AED 790,888; 2020 AED 780,888; 2022 AED 732,500; 2023 AED 765,000; 2024 AED 890,000; 2025 AED 1,100,000; 2026 AED 1,130,000Sold by developer, October 2015: AED 793,888 (AED 877 per sqft)Sold, August 2024: AED 950,000 (AED 1,050 per sqft)

221 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 221, each contractTypical two-bed in Safi Apartments 2A
40K60K80K20192021202320252027Typical rent by year: 2019 AED 52,000; 2020 AED 45,000; 2021 AED 45,000; 2022 AED 50,000; 2023 AED 57,750; 2024 AED 65,100; 2025 AED 80,000; 2026 AED 80,000New contract, August 2019: AED 52,000 a yearNew contract, August 2020: AED 45,000 a yearRenewal, August 2021: AED 45,000 a yearRenewal, August 2022: AED 45,000 a yearRenewal, August 2023: AED 49,618 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Safi Apartments 2A, and where 221 sits

All 97 2-beds →

221 last sold in August 2024 at AED 1,050 per sqft, 15% above what two-beds in Safi Apartments 2A were fetching at the time (AED 914). Over the last 12 months two-beds sold for AED 1,050,000 to 1,425,000, around AED 1,174 per sqft, and rent for AED 55,000 to 110,000 a year. 221's AED 49,618 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20261,100,000
18 Aug 20261,130,000
10 Aug 202640,138
3 Jul 20261,050,000
10 2-bed sales in the last 12 months

Safi Apartments 2A

Building

153 apartments, 1-bed to 3-bed over 7 floors in Town Square, completed in 2018 by Nshmi Development. 15 sold in the last 12 months.

Typical price per sqft
AED 1,251 Up 6.6%
Typical sale
AED 1.15M
Typical rent
AED 81K /yr
Typical yield
6.8%
Safi Apartments 2A, Town Square: prices, sales and rents →

Other units on the 2nd floor

All 153 units in Safi Apartments 2A
Value
2012-bedAED 780K · May 2023
2023-bedAED 1.09M · Sep 2020
2032-bedAED 776K · Sep 2015
2042-bedAED 779K · Oct 2015
2052-bedAED 771K · Oct 2015
2063-bedAED 1.29M · Sep 2017
2072-bedAED 825K · Feb 2024
1–7 of 21

221, Safi Apartments 2A in numbers

  • Sold twice: first on 13 October 2015 for AED 793,888, last on 28 August 2024 for AED 950,000 (AED 1,050 per sqft).
  • Rented since August 2019 on 5 Ejari contracts. The rent fell from AED 52,000 to AED 45,000 in 2022 and recovered to AED 49,618 by August 2023.
  • At AED 49,618 a year the gross yield on the 2024 price is 5.2%, before a service charge of about AED 13,800 a year (AED 15.28 per sqft).
  • Two-beds in Safi Apartments 2A sold for AED 1,050,000–1,425,000 in the 12 months to November 2026; the building's median across all types is AED 1,251 per sqft.

Source: Dubai Land Department. Updated 28 August 2024.

Questions about 221, Safi Apartments 2A

What did unit 221 last sell for?

AED 950,000 on 28 August 2024: AED 1,050 per sqft for 904 sqft. The unit has 2 registered sales; the first was AED 793,888 in October 2015.

What is the rent for unit 221?

AED 49,618 a year on the contract renewed on 15 August 2023. The previous contract, from August 2022, was AED 45,000; the unit has been rented since August 2019.

How big is unit 221?

904 sqft (84.0 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2018.

What is unit 221 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Safi Apartments 2A sold for AED 1,050,000 to 1,425,000 in the last 12 months, around AED 1,174 per sqft.

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Mortgage on 221, Safi Apartments 2A

Starts from the last sale price (AED 950K, 28 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →